Affinity Bancshares, Inc. and Atlanta Postal Credit Union (APCU), along with its subsidiary Center Parc Credit Union, jointly announced the mutual termination of their purchase agreement. This agreement would have seen the credit union acquire Affinity Bank.
The decision to terminate the agreement was reached by the boards of directors of all parties involved, following discussions APCU held with applicable regulatory agencies. APCU subsequently informed Affinity that it would withdraw its application with the Georgia Department of Banking and Finance.
At the time of the termination, Affinity Bancshares had approximately $870 million in assets. The termination means Affinity Bank will continue to operate independently, focusing on its existing community banking services and specialized lending segments.
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